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Income Tax Department

Jharkhand Chief Minister Hemant Soren

Jharkhand's Commercial Tax Dept Posts 114% Collection In 2022-23

Jharkhand Chief Minister Hemant Soren said that it has been a year of better fiscal performance

01 April 2023

When Do Minors Need a PAN Card?

A PAN card is necessary for minors if their parents intend to name them as a nominee for any investments. We discuss the need for a PAN card for minors and how to obtain one.

21 March 2023

Stamp Duty Paid By Recipient On Property Received As Gift Will Make Gift Void

The donor has to pay the applicable stamp duty on the property that is to be transferred to the recipient as gift. Non-resident status is determined differently under FEMA and Income-tax Act. Gift received from grandfather...

03 March 2023

I-T Pens Control Room To Check Unaccounted Cash, Freebies Ahead Of Karnataka Assembly Election

Karnataka's Income Tax Department has opened a control room to check unaccounted cash and freebies. During the election, the control room will be operational 24/7. 

23 March 2023

Income tax survey on Cipla

I-T Department Investigates Cipla For Alleged Tax Violations, Company Responds

In a fresh update on the alleged income tax violations-related survey on Cipla, the company has responded with to the same. Read here

14 March 2023

What Not To Include In The Update Income Tax Return (ITR)

ITR-1 Sahaj Form: Find Out If You Can File Income Tax Return For AY 2023-24 With This Form

To file your income tax return with the ITR-1 Sahaj form, you would need Form 16, house rent receipt (if applicable), investment payment premium receipts (if applicable), among others. Read here for further details

03 March 2023

'AIS for Taxpayer' is a mobile application provided free of cost by the Income Tax Department

Income Tax App: IT Department Launches 'AIS for Taxpayer' App To View TDS, Interest, Dividend Income

The mobile app will facilitate taxpayers to view their information as available in the Annual Information Statement (AIS)

22 March 2023

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Income Tax (Representational Image)

Income Tax Department Searches Premises Linked To Edelweiss Group: Report

The income tax searches were reportedly also carried out at the premises of certain entry operators along with the Edelweiss group

03 March 2023

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01 March 2023
Centre Suspends FCRA Licence Of Think Tank Centre For Policy Research

Centre Suspends FCRA Licence Of Think Tank Centre For Policy Research

The think tank Centre For Policy Research (CPR) was under scrutiny after Income Tax surveys on it and Oxfam India in September last year


01 March 2023
UK Minister Raises Issue Of BBC Tax Survey With S Jaishankar At Bilateral Meeting

UK Minister Raises Issue Of BBC Tax Survey With S Jaishankar At Bilateral Meeting

Last month, the Income Tax Department conducted a tax survey in the Delhi and Mumbai offices of the UK media house BBC for three days over allegations of...


24 February 2023
Income Tax Calculator: Now You Can Easily Compare Old & New Tax Regimes

Income Tax Calculator: Now You Can Easily Compare Old & New Tax Regimes

The Income Tax Department has launched an online calculator that helps users compare benefits under new and old tax regimes


24 February 2023

"Report Without Fear Or Favour": BBC Director General Tells India Staff After I-T Raids

The Central Board of Direct Taxes (CBDT) earlier issued a statement without naming the media organisation and said that the income and profits shown by various...


19 February 2023
BBC Claims Journalists 'Not Allowed To Work For Hours' During I-T 'Surveys'

BBC Claims Journalists 'Not Allowed To Work For Hours' During I-T 'Surveys'

The Central Board of Direct Taxes (CBDT) had earlier issued a statement without naming the media organisation and said that I-T teams unearthed crucial...


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16 February 2023
New ITR Forms For AY2023-24: All The Changes You Need To Know

New ITR Forms For AY2023-24: All The Changes You Need To Know

CBDT has notified income tax return forms for the assessment year (AY) 2023-24 to help taxpayers prepare their income returns in advance.


15 February 2023
BBC Not Alone, Here Are Six Indian Media Houses Which Were 'Searched' By Govt Agencies In Recent Times

BBC Not Alone, Here Are Six Indian Media Houses Which Were 'Searched' By Govt Agencies In Recent Times

Instances of raiding media offices in the wake of dissent are not new instances in India. Several Indian media offices including The Quint, Dainik Bhaskar have...


15 February 2023
'Suppressing Media Akin To Suppressing Public Voice': Arvind Kejriwal On IT Survey AT BBC Offices

'Suppressing Media Akin To Suppressing Public Voice': Arvind Kejriwal On IT Survey AT BBC Offices

Delhi Chief Minister Arvind Kejriwal's comments came a day after the Income Tax department carried out a survey operation at British Broadcasting Corporation's...


15 February 2023
How Foreign Media Reacted To Income Tax Survey At BBC Offices In India

How Foreign Media Reacted To Income Tax Survey At BBC Offices In India

All the international outlets have mentioned in their dispatches about the recent BBC documentary on Prime Minister Narendra Modi.


15 February 2023
'Aware Of Searches Of BBC Office But Can't Offer Judgment...': US Reacts On I-T Raids

'Aware Of Searches Of BBC Office But Can't Offer Judgment...': US Reacts On I-T Raids

The Income Tax Department on Tuesday conducted a survey operation at the British Broadcasting Corporation's offices in Delhi and Mumbai.


14 February 2023
No One Above Law: Union Minister Anurag Thakur On I-T Survey At BBC Offices

No One Above Law: Union Minister Anurag Thakur On I-T Survey At BBC Offices

"No one can be above the law of the country," Thakur told reporters in Kalyan when asked about the Income Tax surveys on the BBC offices in India.


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14 February 2023
Income Tax Officials At BBC Offices In Delhi, Mumbai: Fully Cooperating, Says BBC; Opposition Reacts

Income Tax Officials At BBC Offices In Delhi, Mumbai: Fully Cooperating, Says BBC; Opposition Reacts

The Income Tax Department's action against BBC comes in the wake of a BBC documentary on Prime Minister Narendra Modi and the 2002 Gujarat Riots. The...


14 February 2023
Income Tax Department Surveys BBC Offices In Delhi, Mumbai: Report

Income Tax Department Surveys BBC Offices In Delhi, Mumbai: Report

The Income Tax Department officials have reportedly said that it is not a raid at the BBC offices, but merely a regular survey


03 February 2023
Government Expects 'Fabulous' Response To Revamped I-T Regime: CBDT Chief

Government Expects 'Fabulous' Response To Revamped I-T Regime: CBDT Chief

The 2023-24 Budget has proposed changes to the new optional tax regime which provides that no tax would be levied on annual income of up to Rs 7 lakh


03 February 2023
Got Your First Job? Critical Tips You Must Know About Saving Income Tax

Got Your First Job? Critical Tips You Must Know About Saving Income Tax

With the tax-saving season in full-swing, here’s what young taxpayers must know in order to take full advantage of all the deductions and benefits that are...


02 February 2023
Government Wants To Eventually Move To Exemption-Free It Regime With Lower Taxes: Revenue Secretary

Government Wants To Eventually Move To Exemption-Free It Regime With Lower Taxes: Revenue Secretary

Malhotra said under the new regime, salary earners with income of up to Rs 7.5 lakh will not have to pay any income tax, after taking into account the standard...


02 February 2023
Income-Tax Department Spends 57 Paise For Every Rs 100 Of Tax Collection: Official

Income-Tax Department Spends 57 Paise For Every Rs 100 Of Tax Collection: Official

He was speaking at a seminar on 'Post-Union Budget 2023-24-Implication for Trade and Industries' organised by the Federation of Telangana Chambers of Commerce...


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